Benefits of clearing NISM Series I - Currency Derivatives Certification Exam

Posted on 18 Aug 2017

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National Institute of Securities Markets or NISM is an Indian public trust and an educational institute which was established in 2006 by the Securities and Exchange Board of India or SEBI. This institute offers several programmes in securities markets like academic programmes, training programmes, capacity building and skill development programmes.

National Institute of Securities Markets or NISM also conducts certification examination for various securities market participants and intermediaries as directed by the Securities and Exchange Board of India (SEBI). But, anyone who is interested in learning about the Indian securities markets can also take the exam. There is no eligibility requirement with regards to age as well as educational qualification to take the NISM exam.

Before exploring the benefits of NISM Series-1 certification exams, we should have some idea about the basics of currency derivatives.

Currency Derivatives in general are future and options contracts where you can buy or sell an exact quantity of a particular currency pair at a future date. It is quite similar to the Stock Futures and Options but the underlying happens to be currency pair (i.e. USDINR, EURINR, JPYINR OR GBPINR) instead of stocks.

Having known about the currency derivatives, we will now explore about the certification exam and its benefits.

NISM-Series-I: Currency Derivatives Certification Examination is one of the important certification exams, held by NISM (National Institute of Securities Markets). The purpose of this exam is to improve your knowledge in the field of currency markets.

The benefits that you will get after clearing the NISM-Series-I: Currency Derivatives Certification Examination are:

  • Better understanding of risk management strategies
  • Understand how to trade in currency futures markets
  • Enhance more employment opportunities
  • Knowledge about the basics of currency markets and precisely about Exchange Traded Currency Derivatives markets in India. In other words, you will know the regulatory environment in which the currency derivatives markets operate in India.
  • Understand the trading, clearing and settlement mechanisms related to currency derivatives markets and basic investment strategies that use currency futures and options products. In short, you will get a deep insight into the currency derivatives markets
  • It is a prerequisite for getting jobs in currency trading or broking companies or for starting your own Currency Trading Sub Broker ship business.
  • It also adds value to your resume when applying for jobs in financial sector, IT ,BPO companies.
  • Another benefit you can get by giving this exam that it gives you a good knowledge of the working of Indian Currency Markets.
  • The exams are conducted online at various NISM centers and all questions are of multiple choice question & answers
  • At the end of the exam, you will get the scores immediately.
  • If you clear the exam then you will get certificate within 15 days from the date of test. The certificate is valid for three years.

PASS4SURE have designed NISM Currency Derivatives Mock Test - NISM Currency Derivatives Exam Model Questions for NISM Series I module by having various practice tests and also provided explanations for almost every answer so that you remember the answers easily.